IoT. 2: Analysis of New Trends in the Development of the Internet of Things

2023-12-27

A new trend has emerged in the field of the Internet of Things, known as IoT. 2. If you haven't experienced it yet, that's what's happening.

IoT space

Since the emergence of the term "Internet of Things" and the shift from M2M thinking to IoT thinking, companies with forward-looking thinking have been competing to be the first to launch "industry disruptive" or "transformative" IoT solutions. However, in the past few years, more and more companies have used the Internet of Things to tell us a similar story. Although they achieved some success as early adopters, it is interesting that some of the cutting-edge solutions they invested in are outdated.

The problem is that in 2016, the entire Internet of Things entered adolescence. In our response to the COVID-19 pandemic, the Internet of Things has entered early adulthood due to innovation during and during the pandemic. This means that for companies looking to expand their scale, they must make significant and difficult choices, abandon most of the work completed and deployed in the past six years, and standardize the technology to win the competition. Anyone deploying Sigfox or MiWi in NorAm is more aware of this fact than anyone else. Unlike open technologies such as LoRaWAN, there is no ecosystem that supports these technologies. The rise of LoRa has led to the extinction of cutting-edge "closed system" technologies that were crucial in the early stages of the Internet of Things. Supplier lock does not work; The people voted against it. On the contrary, important open ecosystems like LoRaWAN are gaining momentum at an extremely fast pace.

For some companies, this may be a pill that is difficult to swallow. In the early stages of the Internet of Things, everyone made every effort to quickly push their solutions to the market. Foresight and careful consideration often give way to speed and public relations promotion. The correct answer is usually "good enough". Now, company decision-makers are rethinking and reassessing their methods in the field of the Internet of Things. When I talked to dozens of companies at the IoT Evolution Expo in Miami in June, this became very clear.

The consensus is that these companies are planning to integrate and primarily focus on technology. They are deploying on a large scale. They know that redesigning what they have built is a difficult decision, especially for those who have already invested millions of dollars in construction and now need to start over. Thispainful, but like many technologies in the past, the Internet of Things has matured. These smart decision-makers know it's time for development.

IoT.2

Here are some IoT. 2 questions that companies should ask: Is there a better technology today than the one we have chosen? Is better referring to faster, smaller, more affordable, or allowing more data? Do we build it in a better way or on a larger scale? Can we consolidate our supplier engagement and adapt to the future? Is the ecosystem that supports my technology growing or shrinking? How is the sales and deployment model progressing?

It may go smoothly. Some people have made smart bets, which are aimed at the future. Not everyone needs to recombine and be hit. Some disruptive technologies in the Internet of Things have achieved tremendous success. The cold chain and temperature monitoring in the catering service industry is a shining example. Allow manufacturers, distributors, and restaurant operators to shift from paper records to digital records. Providing digital temperature monitoring is revolutionary in the healthcare industry, and its impact is widespread, potentially saving lives. In the agricultural field, game changers are shifting towards battery powered soil moisture sensing and remote valve control, allowing farmers to free up time for other tasks. During the initial outbreak of the COVID pandemic, the use of IoT technology for contact tracking made it safer for employees to return to the office, and continued to be used by hundreds of thousands of healthcare workers as I write this article.

At least it's worth asking yourself IoT.2 questions. Over time, if they could press the reset button now, it could save the company a lot of time, pain, and money, rather than completely discontinuing their technology in 4-5 years. Now is the time to take a look at this issue, raise thorny questions and make difficult decisions, and then invest more in technologies and architectures that may limit their scalability.

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